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These cryptocurrencies to invest in now are attracting considerable attention lately following the crypto market rally.

Over the past month, the number of active addresses on the Avalanche network fell from 79,740 to 75,000, according to Artemis' data.

Avalanche price analysis is pointing in a bullish direction for now as bullish momentum gained strength today, and bulls are continuing their push to take AVAX toward the $17.18 level. The asset is currently trading above the $17.02 support level, and it has gained nearly 0.

The market structure and volume profile of Avalanche showed further losses were likely, but there was one indicator that disagreed.

The DeFi networks that are being developed today use secure distributed ledgers and digital wallets to allow users to hold and control their own money outside of a financial institution and transfer money anywhere in the world within minutes, often seconds.

The Avalanche price analysis is slightly on the bullish side, but the coin has been struggling around the $17 range today. The coin received some support today after being in decline since April 19, 2023, when the cryptocurrency market imploded, although price movement has been gradual.

Avalanche price analysis shows a distinctly bearish trend taking shape, as price continued its decline that was set on April 19. After initiating the current dip at a strong price level of $21, AVAX dropped 12 percent in a single day to drop down to $18.52.

Emin Gun Sirer, who also weighed in on zero-knowledge proofs (ZKPs), was addressing the annual Cornell Blockchain conference on New York City's Roosevelt Island.

GMX witnesses growth in terms of fees generated and volume. However, the price of the GMX token continues to decline despite positive developments on the protocol side.

The Avalanche network was slipping in control of the bears given the not-so-impressive activity on the NFT front as well the price front. AVAX would need a much-required boost from investors in the market to instigate a positive trend reversal.

Avalanche price analysis shows signs of bearish activity as the bears have returned to the market. The bulls have been unable to push the price above the resistance level of $20.84, and it appears that they are losing steam.

Avalanche's recent reports reveal that the explosive address growth might be related to aggressive subnet deployment. This has, in turn, brought more utility into the network, thus more user activity.

Avalanche [AVAX] consolidated near a stiff supply zone of $21 - $22 - a bullish sentiment. However, there was looming selling pressure that may trigger a pullback.

Altseason is here, whether you're ready or not! Bitcoin's dominance is on the decline as the Ethereum Shapella/Shanghai upgrade has kickstarted the long-awaited altcoin season. With top meme coins already showing signs of decoupling, crypto cash flow is expected to shift towards altcoins in the coming weeks.

The $MC token is expected to be used for gas fees and network validation on the Beam subnet.

Merit Circle announced a new development from its decentralized autonomous organization: Beam, a gaming-focused Avalanche subnet.

Avalanche's daily active users surged by more than 140% in the last seven days. Thanks to that, the network's revenue increased, which looked encouraging.

Avalanche (AVAX) price is edging closer to 100% year-to-date gains. On-chain data highlights increased developer activity and growing demand.

Over the past few weeks, Avalanche has made an impressive recovery in its price. Last week alone, AVAX surged by 20%, and on the daily chart, it showed over 4% appreciation.

The best performing crypto as of 17 April, AVAX witnessed significant demand and visibility in the crypto space. However, with the RSI in an overbought position, things could take a turn in favor of bears anytime soon.

Given that the price of AVAX/USD has significantly increased today, the most recent Avalanche price analysis reveals indications of a bullish trend. The AVAX price peaked at $20.5 yesterday, but today it is attempting to move past $20.9, a key resistance.

Avalanche [AVAX] recovered all the losses made in mid-March. But further long-term uptrend may only be likely if it overcomes a key stiff supply area of $21- $22.

Ethereum remains the undisputed leader among Layer 1 blockchains, despite a growing number of contenders.

AVAX Price Prediction: On April 16th, the Avalanche coin price gave a bullish breakout from a long-coming resistance trendline. This breakout could be an early sign of trend reversal and assist buyers to regain lost ground.